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UNDERWRITING GUIDELINES SMALL GROUP ACCOUNTS 5199 Employees Anthem Blue Cross and Blue Shield And Its Affiliate Healthineers, Inc. For New Sales and Renewals Effective January 2014Change Highlights
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Underwriting guidelines are needed by financial institutions, insurance companies, and mortgage lenders. They are essential for ensuring consistent and standardized evaluation of risks and determining eligibility for loans or insurance policies. Additionally, regulators and compliance officers rely on underwriting guidelines to assess the adherence of financial institutions to industry regulations and best practices.
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Underwriting guidelines are a set of rules and criteria used by insurance companies to decide whether to provide coverage to an applicant and at what rate.
Insurance companies are required to file underwriting guidelines with the appropriate regulatory body.
Underwriting guidelines are typically filled out by underwriters who assess the risk associated with insuring a particular individual or entity.
The purpose of underwriting guidelines is to ensure that insurance companies assess and price risk accurately, and to protect consumers from unfair practices.
Underwriting guidelines must include information on the criteria used to assess risk, underwriting rules, and rate filing information.
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